Karthik's big thesis: secondary transactions are being used to quietly clean up cap tables. Neither of these is a headline exit — both are deliberate, pre-IPO housekeeping.
🛵 Yulu - Series C (~₹601 Cr) a Blume portfolio company. Led by GEF Capital Partners.
☕ Third Wave Coffee - Growth Round (₹408 Cr). Led by WestBridge Capital + Creaegis.
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